The 2000 Annual Report is being presented in both HTML and PDF format. We strongly recommend you view the PDF version which is closer in appearance to our printed Annual Report. To view the Annual Report in PDF format you must have an Adobe Acrobat Reader. If you do not have Adobe Acrobat on your computer, use the link to go to Adobe's web site for a free download.     Adobe

2000 Annual Report PDF Version *

2000 Annual Report HTML Version *

     In the 2000 letter to shareholders, Mr. Buffett refers to Mr. Munger's remarks at the 2000 Wesco annual meeting. The remarks were included in the December 18, 2000 edition of Outstanding Investor Digest ("OID"). An OID reprint of the section containing those remarks is being sent to all shareholders along with the 2000 printed Annual Report.

* Includes copyrighted material reproduced with permission